Los Angeles Hospitality Market Report

Bevy of marquee events draw outside visitors. Los Angeles accounted for the fourth-highest number of bookings among major U.S. markets during the 12-month stretch ended in May, generating $5.3 billion in total revenue for area hotels. During the early portion of 2022, the sector received a boost from the metro hosting NASCAR’s Clash at the Coliseum and Super Bowl LVI. Looking ahead, a plethora of major events are scheduled that will draw attendees from outside the metro. This July, Dodger Stadium hosted the MLB All-Star Game, with trade shows and concerts returning in mass to area venues in the second half of 2022. These happenings will lift ADR and elevate revenues beyond pre-pandemic levels, however occupancy, while improved, will not fully recover this year.